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SEC Is Studying Plan to Link
Exchanges for Better Trades

By

Michael Schroeder Staff Reporter of The Wall Street Journal

Updated Feb. 24, 2000 12:31 a.m. ET

WASHINGTON -- The Securities and Exchange Commission said it would examine whether the proliferation of securities markets is hindering the ability of investors to get trades executed at the best price.

Many argue that markets today are more fragmented because investors can place orders among a growing number of competing exchanges, electronic systems and stand-alone dealers. Wednesday, the SEC asked for comments on six options for tying markets together in ways that might make trading fairer. The agency said it might...